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Rotary and RF Rotary Joints Market Growth, Analysis, Latest Trends and Forecast till 2027

07-12-2022 10:37 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MarketsandMarkets

The rotary and RF rotary joints market is expected to grow from USD 698 million in 2022 to USD 846 million by 2027, at a CAGR of 3.9%. Increasing demand for RF rotary joints in civil and military radar systems are the key factors driving the rotary and RF rotary joints market.

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Based on the media, the rotary and RF rotary joints market has been segmented into air, gas, oil, water, steam, and coolant. The rotary joints market is a matured and well-developed market space. Although the market for rotary joints has been there for the past 15-20 years, the rotary joint product technology is still transforming dynamically. Various research institutes and key end users of rotary joints are pushing their financial resources to conduct more research into rotary joints and find new applications across the spectrum of industry verticals. Single-passage and multi-passage rotary joints operate with different media, whether pneumatic or hydraulic in nature.

On the basis of Industry, the market is categorized into Aerospace, Food & Beverages, Industrial automation, Semiconductor, Energy, Medical, and others. In 2021, the Industrial automation segment accounted for the largest share of the rotary and RF rotary joints market. Industrial automation is a growing sector with its adoption increasing across different processes and industries. Rotary joints are used in Computer Numerical Control (CNC) machines, robots, cooling systems, and rotating systems.

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Among all regions, Europe is expected to register the highest market share in the rotary and RF rotary joints market during the forecast period. The rotary and RF rotary joints market in Europe has been studied for the UK, Germany, France, and the Rest of Europe (RoE). RoE includes countries from Eastern Europe, the Nordic region, and Central Europe, such as Russia, Sweden, Portugal, Norway, Finland, Poland, and Austria. Germany held the largest share of the rotary and RF rotary joints market in Europe in 2021. The major factors driving the growth of the market in the region include increased government funding and schemes to research applications of rotary and RF rotary joints across the manufacturing sector, as well as the increasing demand for rotary and RF rotary joints in the food & beverages industry for applications such as food packaging, bottle cleaning and capping systems, and blending systems.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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